Looking to diversify beyond NVDY? The ETFs below have the lowest correlation with NVDY — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from NVDY.
Best Diversifiers for NVDY
746 ETFs have low correlation with NVDY (below 0.3), 182 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.34 | — | — | 65 | Inverse Equities, Leveraged Equities | NVDY vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.34 | — | — | 70 | Derivative Income | NVDY vs WNTR | |
| ProShares Short Bitcoin ETF | -0.32 | -0.26 | — | 53 | Cryptocurrency | NVDY vs BITI | |
| iShares Core High Dividend ETF | -0.28 | -0.10 | — | 74 | Dividend, Large Cap Value Equities | NVDY vs HDV | |
| First Trust Morningstar Dividend Leaders Index Fun... | -0.28 | -0.05 | — | 73 | Large Cap Value Equities, Dividend | NVDY vs FDL |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from NVDY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NVDY and solid risk/return profiles. The least correlated is Duke Energy Corporation (DUK) (Utilities) with a 1Y correlation of -0.38, down from -0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Duke Energy Corporation | -0.38 | -0.28 | -0.28 | 65 | Utilities | |
| Altria Group, Inc. | -0.33 | -0.21 | -0.21 | 78 | Consumer Defensive | |
| Colgate-Palmolive Company | -0.33 | -0.23 | -0.22 | 50 | Consumer Defensive | |
| Verizon Communications Inc. | -0.32 | -0.19 | — | 57 | Communication Services | |
| The Southern Company | -0.32 | -0.23 | -0.23 | 58 | Utilities |
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